Advasa Holdings Files Draft Information Statement
Bitget2026/11/05 14:01- Advasa Holdings shareholders authorized a reverse stock split ranging from 1-for-10 to 1-for-100 on October 19, 2026.
- The board retains discretion over the final ratio, timing and implementation, including whether to abandon the split.
- Outstanding common shares would fall from 487,674,534 to approximately 4,876,745 at the maximum ratio.
- Total authorized shares would remain unchanged, increasing the number of authorized but unissued shares available for future issuance.
- Stockholders would receive cash instead of fractional shares.
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